Spread Betting Guides: CMC Markets Review
Published: 15 June 2011 By MoneyhighStreet Staff Leave a Comment
CMC Markets offer a financial spread betting website that promises precision pricing, perfect automated execution and no dealer intervention. The website is particularly useful to newcomers as CMC Markets provide a free demonstration account that allows investors to find their feet before committing to a real money alternative.
CMC markets offer three different trading platforms with a distinct leaning towards Apple mobile devices. However, most site users will become instantly familiar with the secure web platform when they register to the site. All major browsers are supported and site users can trade global shares, currencies and commodities in a fast, intuitive fashion.
A product library is available that can be filtered to find key trading aspects more easily, and CMC Markets use next generation charting that has been developed in partnership with their in-house analysts. The virtual risk management feature allows stop losses and profit orders to be set, and the layout of the web platform can be fully customised for easier use.
CMC Markets have two mobile platforms that are specifically designed for use with iPhones and IPads, and apps can be downloaded from the App Store. The iPhone platform uses a secure swipe log-in feature and streaming charts that update every 5 seconds. Screens can be customised to make mobile trading more user-friendly.
The iPad tracker app maximises the larger display screen to its full potential and offers trailing stops that help to minimise potential losses and to lock in hard-earned profits.
Choice of Markets
Financial spread betting can be enjoyed over a range of 2,600 different products. Speculators can invests in currencies, shares, indices and companies across the world, and the web and mobile platforms also offer an unrestricted entry point into the world of foreign exchange trading. CFD trading is also available, and CMC Markets also offer a free demonstration account for investors looking to specialise in this diverse field.
Learning to Trade
One of the key areas where CMC Markets fall short is in the depth of their training packages. While competitor websites utilise video and webinar technology to assist newcomers to the world of spread betting, CMC Markets offer the majority of their support in text format and this can make the process of understanding online trading unnecessarily arduous.
Thankfully, the information available tends to be very in-depth, and the website offers some excellent advice on trading strategies and investment plans. The small number of videos that are available are, unfortunately, somewhat difficult to find.
One of the key redemptions of the CMC website is the free demonstration accounts where potential investors can sample financial spread betting without risking any money of their own. Newcomers can have their demonstration account active within 60 seconds of registration, and subsequently enjoy £10,000 worth of virtual money that can be used in conjunction with the web and mobile platforms using real-time markets.
Live accounts can be created online using a 5-step process that confirms the levels of risk associated with spread betting and a full evaluation of the applicant’s financial background.